Inflation in Georgia
Georgia - InflationAvailable indicators point to stronger activity in the second quarter, following a robust expansion at the outset of the year. Growth is estimated to have accelerated in May, coming in well above the average reading for the first quarter. Momentum appears to have carried over into June on the strength of the external sector; merchandise exports surged on greater base-metal exports and buoyant demand from Georgia’s key trading partners—particularly Turkey and Azerbaijan. On the domestic front, inflation sunk to a nearly two-year low in the second quarter, likely supporting household spending. Meanwhile, on the political scene, the country’s parliament approved a restructured cabinet on 15 July. The new government’s manifesto could alleviate decades-long tensions between Georgia and Russia.
Georgia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||3.1||4.0||2.1||6.0|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Inflation Chart
Source: National Bank of Georgia.
|Exchange Rate||2.46||0.0 %||Aug 07|
|Stock Market||0.1||0.55 %||Aug 07|
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